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How much of Fenty Beauty does LVMH own?
The conglomerate invested €30 million (about $35 million) in cash in the venture, taking a 50.01% stake. Rihanna agreed to put in €30 million in “in-kind” contributions, meaning assets such as her time, effort, and name, and controls the remaining 49.
The conglomerate invested €30 million (about $35 million) in cash in the venture, taking a 50.01% stake. Rihanna agreed to put in €30 million in “in-kind” contributions, meaning assets such as her time, effort, and name, and controls the remaining 49.